FALKIRK Council has approved the sale of the former Falkirk Town Hall and Municipal Buildings for £6.2 million.
Approximately £6 million of the receipt is expected to be allocated to help fund the replacement town hall project currently underway at the east end of Falkirk High Street, the local authority said.
A further £200,000 of the receipt will be allocated to Falkirk’s Common Good Fund benefitting local causes at a future date.
The nine-acre site, located off West Bridge Street, has been cleared following the demolition of existing structures, including the former NHS Westbank Clinic building.
The report to Falkirk Council highlights that BDW Trading Limited, part of Barratt Developments, represented the best value offer received. Their proposals are for the redevelopment of the site for residential use.
Councillor Cecil Meiklejohn, leader of Falkirk Council, said, “The sale is significant in that it will help provide substantial funding for the replacement town hall project alongside other funding streams.
“It will also help us to boost council tax revenue in coming years to help to continue to provide important services for the most vulnerable in our communities.”
The report outlines new regulations requiring all homes built in Scotland to use renewable or low-carbon heating from 2024, and BDW Trading Limited has committed to ensuring all new homes are zero carbon by 2030.
The sale is expected to generate increased Council tax revenues and provide an economic boost through improved footfall and expenditure in the town centre.
The proposed sale follows a comprehensive marketing process that attracted multiple offers. BDW Trading Limited’s bid was selected as the most favourable.
